Haseeb Qureshi, managing partner at venture firm Dragonfly, shared Binance’s post‑mortem of what he called the largest single theft in human history, exceeding $6 billion. He emphasized that the breach occurred through ordinary channels, not exotic exploits, and that the internet will soon be flooded with AI‑accelerated social‑engineering attacks. Qureshi urged tech teams to study the report, adopt a zero‑trust mindset, deploy AI‑based monitoring around the clock, and implement a decisive “kill‑switch” to shut down systems if a compromise is detected. The warning matters because the scale of the loss highlights how even top‑tier exchanges can be vulnerable, and the rise of AI tools makes phishing and impersonation far more convincing and automated.

“Tremendous public service from Binance to publish this. Take your time to read it. Make all your engineers read it. In fact, anyone you know who works in tech, have them read it. This was the largest single heist in human history, $6B+, and it happened through mundane channels. The Internet is now going to be full of AI-accelerated social engineering toxic sludge, and it's your job to be hypervigilant. Build your infrastructure in a way that assumes it will get compromised. Make sure you have AI-powered monitoring 24/7 and a "shut it all down" killswitch in case you ever need to go nuclear. The stakes are too high to be scrambling in the moment the way it seems Binance was during this attack.”

— Haseeb Qureshi (@hosseeb) on X · X ↗

Haseeb Qureshi is not affiliated with COINMAG. The quote comes from a public post on X; the context was written by the COINMAG newsroom.